The Theory of Oligopoly Provides Another Reason That Free-Trade Can

The theory of oligopoly provides another reason that free-trade can benefit all countries for which of the following reasons?
(i) as the number of firms within a given market increases, the price of the good falls
(ii) increased competition leads to lower deadweight losses
(iii) profit increases directly with competition for oligopoly firms

A) (i) and (ii)
B) (ii) and (iii)
C) (i) and (iii)
D) (ii) only

Correct Answer:

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